Is it possible to know what the future holds? Well, recently we came into contact with a melancholy man named ZeebZorb who claimed to be from the year 3019. Traveling back in time to use his knowledge of future sporting events to make a fortune, he had planned to place a bet that the Detroit Lions would not win a single playoff game over the next 1,000 years.
On January 7th, Executive Wealth Management's founder Bert Herzog made a return appearance on TD Ameritrade's Market On Close show. Click on the picture directly below to watch an excerpt of Mr. Herzog discussing the latest news and trends in the financial world with other market analysts.
Today marks the start of National Folic Acid Awareness Week. This crucial chemical found in leafy green vegetables and enriched pasta is an essential ingredient the human body needs to produce new red blood cells. It is especially important for proper fetal development, making folic acid indispensable for pregnant women.
We are heading into corporate earnings season. The first report came out this morning (January 14th) with Citigroup coming in light on revenue by close to -$400 million. Recently, we have seen some significant warning signs from other large players in the global economy, like Apple, Delta Air Lines, Macy’s, and several auto manufacturers.
We are following up on our commentary last week about the inversion of the yield curve. The most scrutinized place on the curve for inversion is between the 10-year and 2-year Treasuries. We have not reached an inversion point for this part of the curve at this time.
Last week, we saw a slight inversion in the yield curve for U.S. Treasuries. This was promoted by many in the financial media as an “ominous signal” for the U.S. economy and stock market. Let’s take a moment to look at why this is so.
When asked how life has improved for people through the ages, many historians will point to advancements like modern dentistry or the internet. And sure, maybe those things have helped a few people, but there is one little-known way that the fortunes of all of humanity have significantly progressed - we no longer fear the peril of feral rabbit robbers.
A recent issue of Quanta Magazine addressed the elephant in the room afflicting the artificial intelligence community -- if you put an actual elephant in a room, then virtually all advanced computer vision software goes haywire.